BetBright Offer – BMW Championship 2016

September 7, 2016 / Golf / 2 Comments

Kick-off time (GMT): 08/09/2016 : 15:03

Potential profit
£14.40
My profit £10.40

The BMW Championship 2016 gets underway on Thursday and BetBright are getting in on the action. Place a pre-tournament bet on the BMW Championship Outright Winner market and every time our player makes 3 birdies in the same round, BetBright will give us a free bet. Translated into matched betting terms, this gives us a potential profit of £14.40 and here’s how…

BetBright Offer - US PGA Championship 2016

Qualifying Bet:

If you’re unfamiliar with qualifying bets, please see my Qualifying Bet Strategy page for a walk-through guide on how they should be done.

Our qualifying bet must be placed before the tournament starts, which gets underway at 15:03 on Thursday 8th September 2016.

For every £50.00 staked (maximum of £50.00) on our selected player, BetBright will give us a £5.00 free bet every time they make 3 birdies in the same round. Therefore, if we bet the maximum amount of £50.00, we’ll get a £5.00 free bet each time our player makes 3 birdies in the same round.

For those of you who aren’t overly familiar with golf, a birdie is when a player gets the ball in the hole in one shot under par. Eagles (2 shots under par) and Albatrosses (3 shots under par) will be classed as a birdie for the purpose of this promotion.

It’s entirely up to you who you place your qualifying bet on but it makes sense to go for a player with fairly low odds. This gives us a good chance of bagging some free bets and keeps our qualifying loss to a minimum. The tournament is scheduled to finish on Sunday 11th September 2016.

Having looked at the odds available, I’ve opted to place my qualifying bet on Rory McIlroy.

I like to place my exchange lay bets with Smarkets as they have great liquidity, the site is really easy to use and they only charge 2% commission in comparison to the 5% charged by other betting exchanges.

You can find the BMW Championship market by entering ‘BMW Championship’ in the search box at the top of the homepage or by using the following link trail…

Smarkets > Golf > PGA Tour > BMW Championship 2016

We can work out our lay stake by entering our odds into my matched betting calculator…


Back Bet (Bookie)

%

Lay Bet (Betting Exchange)

%

Adjust your lay stake

Min £
Max £

Lay stake required: £

Bookie
Exchange
Total
If back (bookie) bet wins
= £
If lay (exchange) bet wins
= £
Bookie
Exchange
Cashback
Total
If back
bet wins
= £
If lay
bet wins
= £

Total profit:

Optimal Underlay

Lay stake required: £
Exchange liability: £

If back (bookie) bet wins:
If lay (exchange) bet wins:

Optimal Overlay

Lay stake required: £
Exchange liability: £

If back (bookie) bet wins:
If lay (exchange) bet wins:

As you can see, the calculator tells us that our lay stake should be £49.39…

betbright logo

Place £50.00 on Rory McIlroy @ 6.50 = Potential profit of £275.00

smarkets white

Lay £49.39 on Rory McIlroy @ 6.60 = Potential liability of £276.60

Let’s have a look at our potential profit/loss for the two outcomes…

Rory McIlroy wins + £275.00 – £276.60 = £1.60 loss
Rory McIlroy doesn't win - £50.00 + £48.40 (£49.39 minus 2% commission) = £1.60 loss

So, regardless of who wins the tournament, we will lose £1.60 in qualifying for our potential free bets.

Free Bets:

For every 3 birdies that Rory McIlroy makes per round, we will get a £5.00 free bet credited by 11:30 the following day. If Rory McIlroy were to make 3 birdies in each of the 4 rounds, we would receive £20.00 in free bets, from which we would extract 80% as cash, so £16.00.

If we take into account our qualifying loss of £1.60, this gives us a potential profit of £14.40 on this BetBright offer!

* Rory McIlroy scored 6 birdies in the 1st Round and 4 birdies in the 2nd Round, meaning I made a profit of £10.40 on this BetBright offer. *

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2 Comments

  1. Andy

    September 9, 2016
    / Reply

    I bet on McIlroy who i think scored 6 birdies in round one yesterday but no free bet from BB. Anyone else received theirs?

    • Matt

      Matt

      September 9, 2016
      / Reply

      He did indeed score 6 birdies Andy, so you should have received £10.00 in free bets. You might need to give them a nudge...


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